Williams-Sonoma, Inc. (NYSE:WSM) Shares Bought by Concord Asset Management LLC VA

Concord Asset Management LLC VA grew its position in Williams-Sonoma, Inc. (NYSE:WSM) by 129.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,128 shares of the specialty retailer’s stock after buying an additional 14,754 shares during the quarter. Concord Asset Management LLC VA’s holdings in Williams-Sonoma were worth $4,048,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. EntryPoint Capital LLC raised its stake in Williams-Sonoma by 520.0% in the 1st quarter. EntryPoint Capital LLC now owns 93 shares of the specialty retailer’s stock valued at $30,000 after purchasing an additional 78 shares during the last quarter. Quest Partners LLC acquired a new position in shares of Williams-Sonoma in the 2nd quarter valued at about $26,000. Crewe Advisors LLC purchased a new stake in shares of Williams-Sonoma during the 2nd quarter worth about $29,000. Hobbs Group Advisors LLC purchased a new stake in Williams-Sonoma during the second quarter worth approximately $33,000. Finally, Cassady Schiller Wealth Management LLC boosted its position in Williams-Sonoma by 100.0% during the 3rd quarter. Cassady Schiller Wealth Management LLC now owns 166 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 83 shares during the period. Institutional investors and hedge funds own 99.29% of the company’s stock.

Williams-Sonoma Trading Down 0.1 %

NYSE WSM opened at $130.65 on Friday. The stock’s 50-day moving average price is $141.35 and its two-hundred day moving average price is $144.50. The company has a market cap of $16.51 billion, a PE ratio of 15.69, a PEG ratio of 2.57 and a beta of 1.76. Williams-Sonoma, Inc. has a 1 year low of $80.49 and a 1 year high of $174.26.

Williams-Sonoma (NYSE:WSM) last posted its quarterly earnings results on Thursday, August 22nd. The specialty retailer reported $1.74 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.13. The firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.81 billion. Williams-Sonoma had a return on equity of 51.57% and a net margin of 14.29%. Williams-Sonoma’s quarterly revenue was down 4.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.56 earnings per share. Research analysts forecast that Williams-Sonoma, Inc. will post 7.99 EPS for the current fiscal year.

Williams-Sonoma Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, October 18th will be paid a $0.57 dividend. The ex-dividend date is Friday, October 18th. This represents a $2.28 dividend on an annualized basis and a yield of 1.75%. Williams-Sonoma’s dividend payout ratio (DPR) is currently 27.39%.

Insider Activity at Williams-Sonoma

In related news, CEO Laura Alber sold 40,000 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $145.27, for a total transaction of $5,810,800.00. Following the completion of the sale, the chief executive officer now owns 1,030,956 shares in the company, valued at $149,766,978.12. This trade represents a 3.73 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Karalyn Smith sold 11,100 shares of Williams-Sonoma stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $134.66, for a total value of $1,494,726.00. Following the completion of the transaction, the executive vice president now owns 15,150 shares of the company’s stock, valued at approximately $2,040,099. The trade was a 42.29 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.

Wall Street Analyst Weigh In

WSM has been the subject of a number of analyst reports. Barclays decreased their price target on Williams-Sonoma from $232.00 to $116.00 and set an “underweight” rating for the company in a report on Friday, August 23rd. Citigroup lowered their price objective on Williams-Sonoma from $140.00 to $134.00 and set a “neutral” rating for the company in a report on Friday, November 8th. Wedbush cut shares of Williams-Sonoma from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $150.00 to $135.00 in a report on Wednesday, October 30th. Telsey Advisory Group reiterated an “outperform” rating and set a $165.00 price target on shares of Williams-Sonoma in a research report on Friday. Finally, Robert W. Baird dropped their price objective on shares of Williams-Sonoma from $150.00 to $140.00 and set a “neutral” rating on the stock in a report on Friday, August 23rd. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $139.47.

Williams-Sonoma Company Profile

Williams-Sonoma, Inc operates as an omni-channel specialty retailer of various products for home. It offers cooking, dining, and entertaining products, such as cookware, tools, electrics, cutlery, tabletop and bar, outdoor, furniture, and a library of cookbooks under the Williams Sonoma Home brand, as well as home furnishings and decorative accessories under the Williams Sonoma lifestyle brand; and furniture, bedding, lighting, rugs, table essentials, and decorative accessories under the Pottery Barn brand.